Syncora Holdings Ltd. Announces Third Quarter 2019 Interim GAAP Consolidated Financial Results
SYNCORA HOLDINGS LTD (SYCRF)
NASDAQ:AMEX Investor Relations:
syncora.com
Company Research
Source: GlobeNewswire
HAMILTON, Bermuda, Nov. 14, 2019 (GLOBE NEWSWIRE) -- Syncora Holdings Ltd. (“SHL” or the “Company”), a Bermuda holding company whose wholly-owned subsidiary provides financial guarantee insurance and reinsurance, today reported financial results for the nine months ended September 30, 2019 and 2018. During the third quarter of 2019, as a result of the announced agreement to sell SGI to Star Insurance Holdings LLC, the Company presented SGI as held-for-sale on the consolidated balance sheets as of September 30, 2019 and December 31, 2018, and the results of SGI as discontinued operations in the consolidated statements of operations for the nine months ended September 30, 2019 and 2018. Financial Results Consolidated Statements of Operations Fee revenue was $4.2 million for the nine months ended September 30, 2019, as compared to $3.4 million for the nine months ended September 30, 2018. The increase was primarily due to higher deal volume at Swap Financial Group. Oth
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